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Stein, W. and Weisser, R.A. 
ORCID: 0000-0002-1717-5697,
2022.
Direct shock experience vs. tangential shock exposure: indirect effects of flood shocks on well-being and preferences.
The World Bank Economic Review: lhac012.
ISSN 0258-6770
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1545358_a2262_Weisser.pdf - Published version Download (658kB) | Preview |
Abstract
With extreme weather events on the rise, the question of how witnessing adverse weather events may affect individuals’ perception, and consequently their subjective well-being, gains in relevance. To identify events that have been witnessed, i.e., tangential exposure to a weather shock, satellite-based data on flooding is linked to an extensive household panel survey from rural Southeast Asia. Contrasting direct shock experience with tangential shock exposure, we find that mere proximity to a potentially adverse shock, without reporting any actual direct shock experience, could be sufficient to reduce subjective well-being. This effect is not only restricted to the present but can also impinge on expected future well-being dynamics. Eventually, such a persistent effect from witnessing a weather shock may have further politico-economic repercussions, for instance, by altering support for redistribution policies.
| Item Type: | Journal article | ||||||
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| Publication Title: | The World Bank Economic Review | ||||||
| Creators: | Stein, W. and Weisser, R.A. | ||||||
| Publisher: | Oxford University Press | ||||||
| Date: | 31 August 2022 | ||||||
| ISSN: | 0258-6770 | ||||||
| Identifiers: |
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| Rights: | © The Author(s) 2022. Published by Oxford University Press on behalf of the International Bank for Reconstruction and Development / THE WORLD BANK. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial License (https://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited. For commercial re-use, please contact journals.permissions@oup.com | ||||||
| Divisions: | Schools > Nottingham Business School | ||||||
| Record created by: | Jonathan Gallacher | ||||||
| Date Added: | 16 May 2022 11:14 | ||||||
| Last Modified: | 13 Oct 2022 15:43 | ||||||
| URI: | https://irep.ntu.ac.uk/id/eprint/46322 |
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